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All My Credit Cards - How Many Credit Cards Do I Have? Part One - YouTube
Channel: CreditFast
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okay so I have this channel credit
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fast-talking all about credit cards but
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how many credit cards do I actually have
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well that's what I'll be talking about
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today all my credit cards so this is
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going to be a two-parter because I have
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more than just a few
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[Music]
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so these are all my credit cards up
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until doing this video nobody knew how
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many credit cards I had including myself
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I actually thought I had 13 credit cards
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somewhere along the way I lost count
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because my actual number of credit cards
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are 15 and because of that I'm going to
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break up this video into two parts so
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this will be part 1 and I'm going to be
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talking about the first six credit cards
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that I got I always approached it in
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this way I only got cards that I
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actually needed or wanted for a specific
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reason of my credit lines 14 out of the
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15 have no annual fee and they have some
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sort of rewards or benefits attached to
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them so I have a clear reason on why I
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got these cards I think that if I didn't
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have this channel the number that would
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probably be a natural number for me to
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have would be about eight cards but
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because I have to talk about different
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credit card companies I did get more
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than I probably would have if I didn't
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have this channel but still these cards
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for the most part I use my my advice to
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people and how many credit cards they
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need because that that that is a topic
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you find on the internet that people
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search for at the very least have one
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credit card so you can build some credit
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because along the way you don't know
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what you have in store for your future
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and you might need to have some kind of
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established credit but I think I'm
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probably a normal amount for most
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Americans would be three to five and
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then you know some other people they
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really like having different
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types of credit cards and you know I I
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guess I fall into that because each card
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has different perks and benefits and I
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know how to utilize them to get a lot of
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benefits from these credit cards and I'm
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going to be talking about my first six
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credit cards that I got after I went
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through my foreclosure and I had to
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rebuild my credit again so so I have
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talked from time to time that I did go
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through a foreclosure and a lot of
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people probably think since I've been
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involved in the credit industry since
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2002 that I've always been very into
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credit cards but after my foreclosure I
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didn't have a credit card for about five
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years I was frankly sick of it and I
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wasn't going to get a house I didn't see
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a point in having a credit card and I
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even had a friend who said like why
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aren't you rebuilding your credit you're
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still even in a small way you're still
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involved with credit cards why aren't
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you doing what you talked about and that
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frankly I I didn't want a credit card at
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that time and it was about five years
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where I didn't have a credit card at all
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and I didn't even want to go through the
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process of getting some kind of hefty
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fee secured card to rebuild my credit
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because at that point I just really
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didn't I didn't care I had it five years
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I didn't have a credit card and you can
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lift quite easily without them but like
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I said you never know what you have
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planned in your future so you shouldn't
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make it a point to have at least one
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credit card to build a credit so one day
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when I walked to my mailbox
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I saw a invitation offer from Capital
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One for the Capital One Platinum
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MasterCard which is a credit card for
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Fair Credit I couldn't believe it
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because at this point I figured I'd have
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to start with a secured card first but I
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figured why not
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let out see what happens and sure enough
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I got approved for it I actually got a
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Capital One Platinum MasterCard for Fair
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Credit no annual fee and no security
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deposit so this was my first credit card
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after my foreclosure now having this car
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two or three months in I had a customer
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service issue and I had to call customer
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service and this is something I talked a
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lot about in my channel I tell people
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that if you get the Capital One Platinum
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MasterCard
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you can upgrade it so at the end of that
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call the customer service representative
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asked me if I wanted to upgrade my card
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to the Capital One Quicksilver card the
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one with no annual fee so obviously I
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said yes to that and I got this in the
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mail and this is one of the cars I use
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the most I like it because it's just
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pretty much straightforward and simple
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sometimes with cash back credit cards
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you have to earn a certain amount before
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you couldn't redeem your cash back
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rewards with this one I can take any
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amount out so if I wanted to redeem five
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dollars I can do that or what I can do
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is if I had an odd amount like eighty
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three dollars I can use that whole
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amount I don't have to take cash rewards
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in increments of $20 so this one has
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always been very easy and
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straightforward for me and I still use
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this one a lot today okay so six months
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later I got another letter in my mailbox
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an invitation offer and it was for the
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First National Bank of Omaha which
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probably a lot of you don't have but I
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had this one as my second card but the
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thing about this card
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much like the platinum master card from
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Capital One it doesn't have any room
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wars or at least it didn't start with
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rewards one time I did
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call my customer service rep about
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something and I probably said something
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like well I really like this credit card
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too bad it doesn't have rewards so the
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customer service representative said
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well with this card you actually have an
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option to earn rewards so there is a
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reward system with this card you can
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earn rewards with this card you earn one
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point for every dollar and then you can
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redeem it for different merchandise in a
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catalog so I thought that was really
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nice to have some kind of reward program
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associated with it it made me use this
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card a little bit more than I would
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otherwise so if you like me started out
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with this card and you thought it wasn't
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a reward card call customer service
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there is probably something they can do
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about that
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so I would say one week after receiving
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the letter from the First National Bank
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of Omaha I got a another letter from
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Capital One for the Capital One five
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power card which is the GM card so with
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this you can earn five percent rebate
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towards a new car I've had this for a
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while now I really like it but it's kind
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of weird it is actually the credit card
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I have with the lowest credit limit I
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know I don't really talk about my credit
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limits on this channel but I started out
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with a three hundred dollar credit limit
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with this card and then after six months
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they gave me a five hundred dollar
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credit limit and that's where it stands
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today
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I asked once or twice before you know
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for our credit line increase they didn't
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give it to me so I just said well you
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know what I'll just let it go if they
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give me one one day that's fine but as
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it stands this just has a $500 credit
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limit and the interesting thing about
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this one is that every once in a while
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they offer special promotions one of the
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interesting promotion
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they had with this card was they would
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give you $100 rebate if you spent a
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hundred and twenty-five dollars dining
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out during the holiday season so that
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was very easy for me to get done so I
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spent about a hundred twenty-five
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dollars on a couple of dinners and I got
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a hundred dollar rebate so that's what a
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lot of these cards do outside the normal
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structure of earning rewards there'll be
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some kind of special that they're
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offering where you can earn even more
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than than the regular reward rates so a
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hundred dollars for spending one hundred
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twenty-five dollars that I was going to
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spend anyways a good deal but outside of
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that you earn five percent and they do
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cap it this is a good card to have I
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recommend it if your next car will be a
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GM so now I have had what's now the
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Quicksilver card from Capital One for
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one year the Bank of Omaha visa for six
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months and the Capital One buy power
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card for six months so now I know I have
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built up my credit to a decent credit
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score so it is December now and I decide
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that I want to open two new lines of
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credit and they are the best buy Visa
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card and the target red card and I did
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that all in one night and that's one tip
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that I can offer to you and at least I
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found some success with it if you've
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waited awhile and you've built up your
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credit and you haven't applied for
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anything so you're you know your chances
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are going to be good to get a credit
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card that isn't too difficult to get
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approved for which the best buy Visa
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card and the target red card they're
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fairly easy to get approved for what you
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do is if you are certain you want these
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cards apply for them both in the same
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night and that's what I did I first
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applied for the Best Buy Visa card and
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honestly if you want to know that
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this could possibly be my favorite
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credit card that I have just because I
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just like stuff I just like tech stuff I
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like computers I just I like gadgets I
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like cameras like all of it
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but the problem always was I couldn't
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afford those things and that's where the
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best buy Visa card came in for me
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because it allowed me to buy things and
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then paste my payments out and as long
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as I made the payments on time I paid no
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interest so that was the way that I've
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been able to afford to buy a lot of the
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gear that I use to film my videos so the
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best buy Visa Card is pretty much one of
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the most important credit cards that I
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have but you have to really understand
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if you have this card that you need to
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pay the full amount off by the time the
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promotion is over because if you don't
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all the interest that you didn't pay
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will be tacked on onto your next bill
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and that could be a lot of money
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depending on how expensive the item was
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so generally I will buy something and
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then pace out my payments and the latest
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thing that I bought was an Apple watch
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and there's no way I could have bought
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an Apple watch if I didn't have a Best
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Buy Visa Card
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and the promotion they had was it was a
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special Apple event recently and it was
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two years zero interest financing so
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with two years of zero interest
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financing I decided I wanted to get this
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watch and how I make it makes sense for
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me is that I plan to pay $50 a month
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every month until the watch is paid and
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that's more than enough to get this
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watch paid off before two years so
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that's how I have set it up for myself
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so this is the watch this is not the
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band that it came with but one that I
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bought off of Amazon
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I actually bought 11 different bands
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they all ranged between $5 and $20 for
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the leather tight bands but this was so
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much fun because the different bands
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make it a completely different watch
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this is well this was this was the
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latest band that I bought but I have
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another one here but I've linked the two
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bands I've shown you today in the
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description below so if you want to
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check those out there there it's okay so
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I went into Target and I applied and got
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approve of the target red card this is
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the target red card store card it was
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the only store credit card that I had
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out of all the credit cards I had for
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the longest time about a year and a half
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ago
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I got a letter in the mail asking me if
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I wanted to convert this card to this
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card and I accepted that offer now I did
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a video on it and I talked about how it
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was strictly an invitation only offer
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that you got through the mail it was not
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something you could call Target about
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and asked for it
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so recently I talked to a target red
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card associate on the phone and they
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told me that right now they have not
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been offering the target red card
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MasterCard but don't worry they'll
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probably do it again where they'll offer
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the MasterCard but right now they're not
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and you're not losing out too much
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because there are no rewards to this
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MasterCard the only benefit is that you
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can use this card outside of Target so
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the target red card is actually one of
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my favorite credit cards because we all
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need to buy stuff everyday things and
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with Target you get a straight 5 percent
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off all your purchases even if the items
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are on clearance for 75% off trust me I
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know 75% off you'll also get an extra 5%
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off so this makes it a great card I know
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a lot of you guys like the
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artstor card and if you're a regular
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shopper there it's probably gonna be
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making a lot of sense to you but for me
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I don't have it it's not one of my 15 I
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prefer the target red card just because
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it's an easy straight forward 5% off on
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all your purchases all right so the last
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credit card I will be talking about the
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sixth credit card I got was the Amazon
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Visa card and I didn't plan on getting
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this one I had already just applied and
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got approved for the Best Buy visa and
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the target red card I wasn't planning on
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getting anything I was going to put a
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pause but I needed to buy something on
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Amazon and it was kind of expensive and
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when you apply and get approved they
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give you a major discount so I went
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ahead and I applied for it now there is
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a thing that people know about with
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Chase it's call to chase 5:24 rule where
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you cannot apply it for five credit
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cards within 24 months if you try to
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apply for certain chase cards you will
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not get approved five credit cards
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within 24 months so this is the
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interesting thing about the chase 5:24
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rule is that I've read a lot about it on
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the internet and now it's starting to
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get hazy because some sites will say
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okay this this credit card is not
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impacted but this Chase credit card is
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I've been hearing things about the chase
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Amazon Visa card that it is impacted by
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Chase 5:24 overall but I'm holding it
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now this was credit card number six so
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for me the Chase 5:24 role did not apply
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when I applied one thing I wanted to
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mention about amazon.com and you don't
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need an Amazon Visa card to do this you
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just need a credit card
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sometimes they offer a special $10
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credit if you buy a one
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dollar gift card so instead of getting
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$100 you get a hundred and ten I
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recently took advantage of this they
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offer this every now and then so I did
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it this time and it was very easy so
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it's like getting 10% rewards on buying
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$100 so you're getting 110 for spending
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a hundred I just wanted to let you know
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that and you can use any credit card to
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get this you don't need to use your
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Amazon visa for it so those were the
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first six credit cards that helped me
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rebuild my credit and there's some of my
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favorite credit cards that I still use
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today
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so what credit cards do you have in your
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wallet right now that are your favorites
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tell us in the comment section below and
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tell us why we should get these cards
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thank you so much until next time
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